What is ACH Origination?

ACH Origination is a business online service that allows you to set up ACH transfers to pull or send funds in/out of your Hingham Savings account for business-related transfers.

How do I get ACH Origination access?

To set up ACH Origination access for your business, please reach out to a Cash Management Specialist at 781-783-1701. A representative will discuss your ACH request and will send you an ACH Agreement to complete.

What is ACH Origination used for?

ACH allows your business to make disbursements, rental payments, payroll, or merchant invoices payments. The ACH origination feature offers a recurring frequency set up for a "set it and forget it" type of transfer that needs to be processed regularly.

What do I need to get started setting up my ACH transfers?

Before setting up your ACH transfer, you will need to have the account number, ABA/routing number, and name of the person or company you are sending or pulling from. When obtaining this information, you should utilize an Authorization Form to verify that your vendor is authorizing you to debit or credit their account.

Once you have the information needed to set up your transfer, please refer to the Using ACH Payments article to walk you through entering an ACH Origination.

What limits should I be choosing on my ACH agreement?

The limits entered on the ACH agreement are monthly limits and should be selected based on your business needs. We recommend that your requested limit is not much higher than what you plan on using every month for risk purposes.

Can I set up dual control for my ACH transfers?

Yes, you can set up dual control so that one user can initiate a transfer and another user can approve the transfer, making it so that two users are involved with all ACH transfers.

How long does it take for an ACH transfer to process?

Same-day transfers can be made if set up before 2:00 pm EST. Otherwise, you will select the next available effective date. Please note that weekends and holidays are not available for ACH processing.